Starting up any new venture can be one of the greatest challenges any business person could face. Even experienced and talented experts or business people that have thrived in some of the most challenging corporate environments can find themselves discombobulated when faced by the pressure and interdependence both financially and through accountability of an entrepreneurial venture.
That being said, there is definitely a unique personality and disposition or character required to endure and especially thrive in the entrepreneurial adventure. In particular I enjoy how Sarah Prevette, CEO and Founder of Sprouter, defines the fine balance of entrepreneurial characteristics. She defines the key characteristics of the entrepreneur as a balance of gumption and structured narcissism. These definitions definitely toe a thin line and leads us to think, can a business owner be too entrepreneurial to a fault?
Sarah defines the culture of the entrepreneur as combination of “A tempered vanity; a desire to be seen as the best, but primarily to one’s self” and “An unwavering belief in personal capability and the assertiveness to flaunt it”.
These characteristics are aligned with the tough traits required to meet the description of the role associated with significant risk and initiative. However, excessive pervasiveness of the entrepreneurial traits can be a roadblock to true success on a new startup. If the most prominent motivation to become an entrepreneur is mislead by vanity and self sufficient showmanship. As a business owner it is important to evaluate that priorities stem from a passion for the business and not besuperseded by a need for independence and or self indulgent vanity.
Some entrepreneurs liken the experience of starting a business to raising a child. Building a startup takes an investment beyond just the 9 to 5 and requires a high level of unwavering dedication. To build a sustainable successful business, the business owners need to have absolute passion for their business and not just a desire to be their own boss.
Love and passion for the business is what makes the difference between successful startup artists and people that buy themselves a job.
Would you agree?
Photo credit Zak VTA